Assistant Manager, Private Banking Service Operations Job in London

Assistant Manager, Private Banking Service Operations Job in London. Apply for the latest London jobs in Accounting/Financial/Insurance.

Assistant Manager, Private Banking Service Operations Job in London

Job Description
Our client a Bank is hiring an Assistant Manager to work within Private Banking Operations reporting directly to the Head of Operations.
The Assistant Manager will be responsible for supervising transactional work of a small team that provides front line banking services to clients and all aspects of Cash Management. They will also act as a supervisor to the team in the absence of the Operations director.
Main Responsibilities:
* Be responsible for all aspects of Cash Management
* Have custodial responsibilities for safe, cheque books, electron cards, safe custody and Managers cheques and drafts.
* Checking and verifying transactions ensuring continuous compliance with regulatory requirements and ensuring that all payments are made correctly and by the relevant cut off times
* Monitor quality service SLAs and control checklists
* Identify and supervise an appropriate cross training program
* Liaise and provide Operational support to the Treasury team with Treasury transactions
* Accuracy, validity, and completeness of all transactions processed within bank operations
* Ensuring reroute, suspense, nostro, vostro, sundry account etc. are updated and reconciled
* Reporting of all FD placements and closing FX positions with Treasury
* Act as a gatekeeper for all Operations transactional and system issues
* Responsible for organising large cash withdrawals
* Maintain Account opening/closing negotiate
* Be involved in testing of system upgrades to ensure that all functionality is operating correctly before implementing into the Live systems
* Lead all testing all system changes and liaise with all key stakeholders for timely delivery of tasks related to projects for various systems.
* Pro-actively identify opportunities and drive improvement to projects through operations team.
* Raise issues where new initiatives are not compliant with the regulatory environment and benchmark the new changes to best practices at HO.
* Inputting credit limits, interest rates and other parameters of credit facilities and collateral in the system as per the instructions.
* Validating treasury deals as per agreed TAT with treasury and ensuring team is audit ready
* Validating files for the unit and ensuring the data is kept up to date at all times.
* Identify key risks and address any weaknesses including completion of Operational Risk Event Forms
* Agree with Director of Operations a plan of Quality Control assessments of regular and ad-hoc tasks undertaken by Operations department.
* Responsible for allocating client instructions to the appropriate area for processing and responsible for supervising all CSR activities
* Supervise service delivery to Bank’s clients both internal and external to ensure an excellent level of service is being provided
Education/Skills & Experience
* Minimum of 6 years in similar environment (preferably with some experience in a Private Banking office)
* Good supervisory skills gained through previous experience and can demonstrate ability to motivate and lead others
* Up to date knowledge on AML requirements and Finacle system
* Understanding of and being able to give outstanding customer service
* Intermediary / Advanced knowledge of Microsoft Word and Excel

Job Type: Permanent, Full Time
Location: London
Category: Accounting/Financial/Insurance
City: Latchmere
County: Greater London
Country: United Kingdom
Salary: £40000 – £55000/annum plus banking benefits
Benefits: plus banking benefits